The number of enterprises in the construction of residential and non-residential buildings in Germany is projected to grow from 22.9 thousand in 2024 to 23.64 thousand by 2028. With a year-on-year increase of approximately 0.8% to 1.0%, this steady growth indicates a stable market expansion when compared to the actual data from 2023. The compound annual growth rate (CAGR) over the forecast period is approximately 0.8%.
Future trends to watch for:
- Increasing investment in sustainable residential and non-residential construction methods.
- Adoption of advanced technologies such as automation and prefabrication to enhance efficiency.
- Potential regulatory changes impacting construction norms and standards.
- Impact of economic factors including inflation and interest rates on construction business operations.